India : Business News Headlines – 21 Dec 2016
Business Standard
Ø Ordinance likely for wage payment via e-mode, cheque
Ø Vedanta slapped with $100 mn settlement in UK court
Ø Note ban may yield lasting benefits: Crisil
Ø Tata Steel EGM to decide on Nusli Wadia today
Ø ‘Bringing back foreign stash will be real test of will’
Ø Bajaj Hindusthan to sell power biz to gr firm for Rs 1800 cr
Ø GCPL fully acquires Kenyan co Charm Industries
Ø Fitch downgrades RCom to B+, placed its IDRs on Watch Negative
Ø Govt plans tax exemption threshold for political parties
Ø Diversify market and currency risk with US funds
Ø For Rs 500 note, RBI pays Rs 3.09; Rs 3.54 for Rs 2,000 note
Ø GM to hike prices by up to Rs 30,000 from January
Ø Reliance Home Finance to raise Rs 3,500 cr through NCDs
Ø I-T dept detects Rs 3,185 cr black income; seizes Rs 86 cr in Rs 2,000 notes
Ø Cognizant buys Norwegian unit, boosts operations in oil and gas
Ø Treasury gains may help banks offset Q3 pressure
Mint
Ø Rupee dives to 68.05 against dollar
Ø Airtel to acquire Orascom’s stake in MENA undersea cable firm
Ø AMFI bats for US’ 401(k)-like product in Budget proposals
Ø IDS-II to fund Pay Commission hikes, PSU bank recap: BofA-ML
Ø PFC to offer TV sets for 1,600 villages in Arunachal
Ø ‘Developers of new SEZs need security clearance from Home Ministry’
Ø Banks unions call for agitation over note ban-related issues
Ø Cyrus Mistry moves National Company Law Tribunal against Tata Sons
Ø Arun Jaitley says RBI prepared to deal with currency shortage beyond 30 December
Ø PSU banks seek higher capital infusion from govt
Ø Delinquencies in medium-heavy commercial vehicles to rise if IIP fall continues
Financial Chronicle
Ø Demonetisation: Bank deposits may be subjected to investigation
Ø High Court asks Service Tax Department to revalue Vijay Mallya’s plane
Ø UTI confident of IPO in H2 of ’17; to use proceeds for buyouts
Ø In Trump cabinet, Commerce Secretary will run trade policy
Ø Axis Bank assures govt of action against errant officials
Ø Mistry says no chance of truce, vows to ‘fight’ it out
Ø Bourses get more time for mechanism to monitor brokers
Ø Jaitley bats for outsourcing of railways’ non-core functions
Ø LPG subsidy:I-T to inform Oil Min on taxpayers earning over Rs 10L
